Diane Bower Comment On Regulatory Notice 22-08
I have just as much right to invest in any securities I choose. This is NOT right
I have just as much right to invest in any securities I choose. This is NOT right
Less Government Regulation is "always" a good rule!
There is way too much government regulation. The vast majority of investors are not idiots. I personally use leveraged and inverse funds as hedging instruments. Performance statistics on leveraged and inverse funds are readily available to all investors. Do we take away guns because some fool doesn't know how to use one?
We The People are taxed enough. Our fore-fathers would have claimed this to be Taxation Without Representation. We have enough taxes. Washington needs to learn how to live on a budget and not spend so much.
I have been using some of the double leveraged products for a decade now. For long term investors (e.g. 10, 20, or even 30 years), they can make a lot of sense to improve returns. For example, if you invest 10% of your money today in a 2x product like SSO, your total annual return will be about 30/percent higher than just investing in the S&P 500 index. If you have that sort of time rising, you can take the rest. I
FINRA's proposed regulations of Leveraged an Inverse ETF's are harmful and misguided because:
1) I am a free marketer and believe that the individual's right to choose what to invest their hard earned money should be inviolate. Otherwise mal investment is likely and that is a long term moral hazard.
2) We already have too many regulations to "protect" us investors. These regulations have direct and indirect costs. We need deregulation not more regulation.
Hey there dont touch or stop us from being able to invest in Cypto
Or the other funds.
As a citizen of New York I have been oppressed time and time again by regulators trying to protect me. I do not need regulators telling me what I can and cannot invest in. Please allow crypto platforms such as coinbase and ftx to allow us all cryptocurrencys and staking perks available.
I have been invested in this fund for a long time and feel that it is my right to do so. Is this not a free country any longer?
Dear Madam, Sir:
I am writing concerning possible restrictions that may be applied to certain securities like leveraged or inverse funds.